National

Slow housing market: REBGV

Darpan News Desk The Canadian Press, 05 Sep, 2023 01:45 PM

Vancouver's housing market is on track to see slowing sales and price stabilization.

The Real Estate Board of Greater Vancouver says that's because of higher borrowing costs combined with seasonal patterns.

The board's outlook is being informed by August sales of about 22-hundred units -- 13.8 per cent below the 10-year seasonal average.

It comes as a new report from Re/Max Canada predicts the country's real estate market will be softer this fall, with average home prices expected to remain flat

Prev Next

MORE National ARTICLES

Chinese mother of teenage girl found dead in B.C. tearfully testifies at murder trial

The girl's body was found in Burnaby's Central Park in the early hours of July 19, 2017, just hours after her mother reported her missing. The woman repeatedly wept at the mention of the girl's name during the trial of Ibrahim Ali on Wednesday.

Chinese mother of teenage girl found dead in B.C. tearfully testifies at murder trial

Canadians split on whether to blame provinces or feds for housing crisis: poll

When asked which level of government deserves the most blame for the crisis, 40 per cent of respondents pointed the finger at the federal government and 32 per cent at their provincial government. Just six per cent of those polled felt their municipal government was to blame and another 22 per cent said they were not sure.

Canadians split on whether to blame provinces or feds for housing crisis: poll

Pedestrian killed in South Vancouver

Vancouver Police are investigating after a pedestrian was struck and killed this morning in South Vancouver. A 60-year-old man was struck by a transit bus near Fleming Street and East 41st Ave just after 6 a.m. The man was taken to hospital where he later died.

Pedestrian killed in South Vancouver

Fire evacuation defiance threatening fight and must end, minister says

British Columbia's emergency management minister says people are defying evacuation orders are putting at risk the "unified strategy" for battling the destructive blazes.

Fire evacuation defiance threatening fight and must end, minister says

Liberals look to tackle international student rackets as part of housing crisis

Housing Minister Sean Fraser floated several potential solutions, including capping the number of student visas, which increased significantly in recent years. Several experts say they are concerned about the ripple effects of such policies.